Understanding the Maple Syrup Industry

The maple syrup industry is witnessing significant growth, and the market was valued at USD 1.49 billion in 2021. The industry is expected to expand at a CAGR (compound annual growth rate) of 6.2% from 2022 to 2028. The US is a major producer of maple syrup, and the growth of maple syrup can be attributed to various factors. Among other noteworthy countries, China is expected to grow at a CAGR of 8.8%, followed by Japan and Canada at 3.2% and 5.2%. Let us discover more about the scope of the maple syrup industry in this article and understand the factors behind the growth of the industry.

Read more…